Overview of the Global Market for Cotton (Carded Or Combed)

Market Size for Cotton (Carded Or Combed)

In 2023, the global cotton (carded or combed) market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the global market failed to regain momentum.

Production of Cotton (Carded Or Combed)

In value terms, cotton (carded or combed) production totaled $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, global production growth remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports

In 2023, global cotton (carded or combed) exports reduced to X tons, waning by X% on 2022 figures. Over the period under review, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the global exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports reduced to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the global exports hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

Mali represented the main exporter of cotton (carded or combed) in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by India (X tons), constituting a X% share of total exports. Indonesia (X tons), Tanzania (X tons), Mozambique (X tons), South Korea (X tons), Uganda (X tons), Malaysia (X tons) and Turkey (X tons) took a relatively small share of total exports.

Exports from Mali decreased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Malaysia (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Mozambique (X%), Tanzania (X%) and Uganda (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Mozambique (X p.p.), Uganda (X p.p.) and Tanzania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) remains the largest cotton (carded or combed) supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by India ($X), with a X% share of global exports. It was followed by Indonesia, with a X% share.

In Mali, cotton (carded or combed) exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2023, falling by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cotton (carded or combed) export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other global leaders experienced more modest paces of growth.

Imports of Cotton (Carded Or Combed)

Imports

In 2023, supplies from abroad of cotton (carded or combed) decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, cotton (carded or combed) imports fell modestly to $X in 2023. In general, imports saw a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Vietnam represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), Germany (X tons), China (X tons), Spain (X tons) and Poland (X tons), together mixing up a X% share of total imports. France (X tons), Bangladesh (X tons), Mexico (X tons) and El Salvador (X tons) held a little share of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, El Salvador (X%), China (X%), Germany (X%), Taiwan (Chinese) (X%) and Mexico (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France and Poland experienced a relatively flat trend pattern. By contrast, Spain (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Taiwan (Chinese), Germany, China and El Salvador increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported cotton (carded or combed) worldwide, comprising X% of global imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform